When you buy a fund, you’re choosing its management strategy (including about votes). If you don’t feel a fund represents your interests well, don’t buy it.
Sometimes your employer gives you a list of a couple dozen funds run by the same manager, and if you want your employer to contribute to your retirement savings, those are the options.
Banning these super-voting companies from 401(k) and index funds would have deprived many low- and middle-income people of those superb returns.
But hey less competition for the houses and stuff, right? We don't want more average people to enter the upper middle class.
I'm not against forbidding index/401K funds from investing in those companies since many people deem those companies as "bad".
Many average people don't actively manage their funds. Based on the past data, they would've missed out on the benefits, but that's okay.
Having shareholder voting power is more important for them, I suppose. While I disagree, I might have voted for the ban. Because this would've translated to less competition for house and stuff.